Honorarium

What Does Honorarium Mean?
A voluntary payment that is given to a person for services for which fees are not legally or traditionally required. Honoraria are typically used to help cover costs for volunteers or guest speakers.

Investopedia explains Honorarium
For example, when a guest makes a speech at a conference, he or she might receive an honorarium to cover travel expenses. In some countries, the honorarium may be considered taxable income.

Filed Under: Personal Finance

Related Terms

Charitable Donation
Gift
Nonprofit Organization
Taxable Income
Travel Expenses
More Related Terms

Related Links

Less-Coveted Finance Careers Offer Enviable Rewards - Not everyone can land the glamour jobs, but the world of finance has a lot more to offer.
It Is Better To Give AND Receive - You give to benefit others, but there can be perks for you too.
10 Most Overlooked Tax Deductions - The receipts you cram into your wallet could be replaced with cash come tax season.

Rate this Term: Your Rating: Overall Rating: Vote Now!